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Mandiri Capital Indonesia and early-stage VC Investible prepare to launch new Global Climate Tech Fund

SYDNEY and JAKARTA, Indonesia and SINGAPORE, Oct. 30, 2023 /PRNewswire/ Mandiri Capital Indonesia (MCI) and Investible have signed a Term Sheet and will establish a new Co-GP early-stage climate tech fund aimed at identifying and investing in climate technology and innovation, globally. MCI is the Corporate Venture Capital subsidiary of Indonesia's largest financial institution, Bank Mandiri, and Investible is an Asia-Pacific-based early-stage venture capital firm headquartered in Sydney and Singapore. Once fully established, the joint venture-called the Mandiri-Investible Global Climate Tech Fund-will leverage the expertise and resources of both firms to identify, invest, and provide support to climate tech startups, addressing the pressing issues of climate change in the Southeast Asia and Oceania regions and beyond. The Fund's investment strategy will be underpinned by the strengthening economic ties between Australia, Indonesia, Singapore, and the broader region. The part

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